Other overseas income

Use Overseas income to provide additional information about income entered on Profit and loss and allocated to Other overseas income.

Income/expense type Confirms that the income/expense type is allocated as Other overseas income at Profit and loss.
Description Matches the description entered at Profit and loss. It can only be amended at Profit and loss.
Business activity Confirms the business activity to which the income has been attributed at Profit and loss, and can only be amended on that page
Allocated from P&L account The amount allocated on Profit and loss to Other overseas income. It can only be amended on Profit and loss.
Amount b/f Enter here income shown in a previous period but taxable as Other overseas income in the current period.
Amount c/f Enter here any amount included in Allocated from P&L account but liable to UK Corporation tax in a later period.
This period Calculated as Allocated from P&L account, plus Amount b/f, less Later period.
Foreign withholding tax Enter here any foreign tax deducted and eligible to be relieved as withholding tax.
Deduct foreign tax Tick this box if the foreign tax suffered is to be treated as an expense, rather than relieved under the Double tax provisions.
Net income received Calculated as This period, less Foreign withholding tax.
Taxable income Calculated as This period less Foreign withholding tax, if Deduct foreign tax is ticked. Otherwise, equal to This period.
UK income tax suffered Enter any UK income tax paid in respect of this income.

How do I get here?

Overseas activity > Other overseas income opens Select overseas income, which lists all income allocated in Profit and loss as Other overseas income. Highlight the income to be analysed and click Edit, to open Other overseas income.